Nisa Investment Advisors LLC Acquires 4,500 Shares of Cloudflare, Inc. $NET

Nisa Investment Advisors LLC lifted its holdings in Cloudflare, Inc. (NYSE:NET) by 25.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 22,175 shares of the company’s stock after purchasing an additional 4,500 shares during the period. Nisa Investment Advisors LLC’s holdings in Cloudflare were worth $4,343,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of NET. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Cloudflare by 33.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,129,030 shares of the company’s stock worth $352,610,000 after purchasing an additional 786,063 shares during the period. Nuveen LLC purchased a new stake in shares of Cloudflare in the 1st quarter worth approximately $88,203,000. American Century Companies Inc. lifted its position in shares of Cloudflare by 34.5% in the 1st quarter. American Century Companies Inc. now owns 3,037,420 shares of the company’s stock worth $342,287,000 after purchasing an additional 779,819 shares during the period. Raymond James Financial Inc. lifted its position in shares of Cloudflare by 129.7% in the 1st quarter. Raymond James Financial Inc. now owns 1,097,235 shares of the company’s stock worth $123,647,000 after purchasing an additional 619,526 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Cloudflare by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 30,836,909 shares of the company’s stock worth $3,475,011,000 after purchasing an additional 538,850 shares during the period. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Insider Activity at Cloudflare

In other Cloudflare news, CFO Thomas J. Seifert sold 41,555 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $190.64, for a total transaction of $7,922,045.20. Following the completion of the transaction, the chief financial officer directly owned 189,517 shares of the company’s stock, valued at approximately $36,129,520.88. This trade represents a 17.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michelle Zatlyn sold 35,100 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $191.71, for a total transaction of $6,729,021.00. Following the transaction, the insider directly owned 14,575 shares of the company’s stock, valued at $2,794,173.25. This represents a 70.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 634,540 shares of company stock valued at $132,159,157 in the last three months. 10.89% of the stock is owned by insiders.

Cloudflare Stock Performance

Shares of Cloudflare stock opened at $224.15 on Wednesday. The firm has a market capitalization of $78.11 billion, a P/E ratio of -659.26 and a beta of 1.99. The company has a quick ratio of 5.14, a current ratio of 5.14 and a debt-to-equity ratio of 2.63. The company has a 50 day moving average price of $215.13 and a 200 day moving average price of $184.71. Cloudflare, Inc. has a 52 week low of $85.60 and a 52 week high of $230.10.

Cloudflare (NYSE:NET) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.18 by $0.03. The firm had revenue of $512.32 million during the quarter, compared to analyst estimates of $501.58 million. Cloudflare had a negative net margin of 6.22% and a negative return on equity of 8.42%. Cloudflare’s revenue was up 27.8% on a year-over-year basis. During the same period last year, the firm posted $0.20 EPS. Cloudflare has set its FY 2025 guidance at 0.850-0.860 EPS. Q3 2025 guidance at 0.230-0.23 EPS. Sell-side analysts expect that Cloudflare, Inc. will post -0.11 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on NET shares. Wells Fargo & Company upped their price target on shares of Cloudflare from $225.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Robert W. Baird increased their price target on shares of Cloudflare from $148.00 to $175.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. Mizuho increased their price target on shares of Cloudflare from $220.00 to $240.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. JMP Securities increased their price target on shares of Cloudflare from $180.00 to $225.00 and gave the company a “market outperform” rating in a research report on Monday, July 28th. Finally, Stifel Nicolaus increased their price target on shares of Cloudflare from $175.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $198.21.

About Cloudflare

Cloudflare, Inc operates as a cloud services provider that delivers a range of services to businesses worldwide. The company provides an integrated cloud-based security solution to secure a range of combination of platforms, including public cloud, private cloud, on-premise, software-as-a-service applications, and IoT devices; and website and application security products comprising web application firewall, bot management, distributed denial of service, API gateways, SSL/TLS encryption, script management, security center, and rate limiting products.